Brokerages Set General Mills, Inc. (NYSE:GIS) PT at $39.16

General Mills, Inc. (NYSE:GIS) has been given an average rating of “Reduce” by the twenty-two brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.1579.

GIS has been the topic of several research analyst reports. Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Wednesday, June 3rd. Morgan Stanley cut their price objective on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 5th. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Finally, Piper Sandler dropped their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th.

General Mills Trading Up 0.1%

Shares of GIS stock opened at $38.00 on Friday. General Mills has a 12 month low of $31.75 and a 12 month high of $51.68. The company has a market cap of $20.28 billion, a PE ratio of -211.09 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $34.65 and its two-hundred day moving average is $39.01.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. General Mills’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts predict that General Mills will post 3.07 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.4%. General Mills’s dividend payout ratio (DPR) is presently -1,355.56%.

Insiders Place Their Bets

In other news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On General Mills

A number of institutional investors have recently added to or reduced their stakes in GIS. State Street Corp boosted its stake in General Mills by 0.4% during the third quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after buying an additional 145,701 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of General Mills by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after buying an additional 488,617 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Mills by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after buying an additional 172,200 shares in the last quarter. Morgan Stanley lifted its holdings in shares of General Mills by 2.1% during the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after acquiring an additional 200,043 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of General Mills by 14.6% during the 4th quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock worth $408,291,000 after acquiring an additional 1,115,465 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

More General Mills News

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills’ Totino’s brand launched new Pizza Rolls and Ultimate Pizza flavors nationwide, which could support sales by refreshing its snack lineup and driving consumer interest. Totino’s™ Brings Fan-Favorite Snack Hacks to Life with New Pizza Rolls™ and Ultimate Pizza™ Flavors
• Positive Sentiment: Zacks Research raised some longer-term earnings estimates for GIS, including Q4 2028, FY2028, and FY2029, suggesting the company may still have earnings power beyond the near term. General Mills stock page
• Positive Sentiment: General Mills’ role in a regenerative agriculture partnership with Walmart and ADM could improve long-term sourcing resilience and reinforce its sustainability story. Is Walmart’s Regenerative Farming Push Reshaping Its Supply Chain Edge And Brand Story (WMT)?

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.